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On May 28, 2021, the U.S. Department of the Treasury released
its General Explanations of the Administration s
Fiscal Year 2022 Revenue Proposals, also known as the
Greenbook. The Greenbook provides additional detail
regarding the Biden Administration s prior proposals (discussed
here and here) to increase taxes on fossil fuel
activities as part of its American Families Plan. It
remains to be seen whether these proposals will be enacted into
law.
Repeal fossil fuel tax preferences,
including the MLP tax regime
The Greenbook proposes to repeal 13 identified tax ....

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